Adobe (ADBE) EV to FCF (2009 - 2026)
Adobe's (ADBE) quarterly EV to FCF came in at 46.42 in Q2 2026, down 41.98% year-over-year from 80.0 in Q2 2025, and up 36.06% quarter-over-quarter from 34.11 in Q1 2026.
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Analysis
Adobe (ADBE) EV to FCF (2009 - 2026) Analysis & Trends
Adobe (ADBE) has reported EV to FCF for 18 consecutive years, with 46.42 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to FCF fell 41.98% year-over-year to 46.42 in Q2 2026; TTM through May 2026 was 9.51, a 47.66% decrease from a year earlier, with the FY2025 full-year figure at 12.75, down 54.3% from the prior year.
- EV to FCF was 46.42 for Q2 2026 at Adobe, up from 34.11 in the prior quarter.
- Over five years, EV to FCF peaked at 221.47 in Q1 2024 and troughed at 34.11 in Q1 2026.
- A 5-year average of 98.61 and a median of 95.49 in 2023 frame the typical range for EV to FCF.
- Across the five-year window, EV to FCF jumped 157.33% in 2023 and tumbled 66.29% in 2025, its largest moves.
- Over 5 years, EV to FCF stood at 67.9 in 2022, then jumped by 157.33% to 174.73 in 2023, then sank by 56.25% to 76.45 in 2024, then tumbled by 47.44% to 40.19 in 2025, then advanced by 15.51% to 46.42 in 2026.
- The last three EV to FCF figures came in at 46.42 (Q2 2026), 34.11 (Q1 2026), and 40.19 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Adobe | 94.11 Bn | 88.47 Bn | 6.00 Bn |
| 2 | Atlassian | 50.75 Bn | 49.51 Bn | 1.53 Bn |
| 3 | Autodesk | 45.38 Bn | 41.23 Bn | 1.87 Bn |
| 4 | Twilio | 44.64 Bn | 41.99 Bn | 725.87 Mn |
| 5 | Zoom Communications | 26.86 Bn | 19.62 Bn | 985.50 Mn |
| 6 | Figma | 11.55 Bn | 9.88 Bn | 309.61 Mn |
| 7 | Dropbox | 7.52 Bn | 6.40 Bn | 506.50 Mn |
| 8 | Nice | 7.12 Bn | 6.76 Bn | 995.81 Mn |
| 9 | RingCentral | 6.64 Bn | 6.53 Bn | 472.31 Mn |
| 10 | Open Text | 5.59 Bn | 4.63 Bn | 1.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 28, 2026 | 10.23 |
| May 29, 2026 | 9.51 |
| Feb 27, 2026 | 9.66 |
| Nov 28, 2025 | 12.75 |
| Aug 29, 2025 | 14.99 |
| May 30, 2025 | 18.18 |
| Feb 28, 2025 | 19.95 |
| Nov 29, 2024 | 27.90 |
| Aug 30, 2024 | 37.88 |
| May 31, 2024 | 30.09 |
| Mar 1, 2024 | 38.82 |
| Dec 1, 2023 | 39.01 |
| Sep 1, 2023 | 32.69 |
| Jun 2, 2023 | 25.92 |
| Mar 3, 2023 | 20.80 |
| Dec 2, 2022 | 20.51 |
| Sep 2, 2022 | 23.31 |
| Jun 3, 2022 | 28.74 |
| Mar 4, 2022 | 30.52 |
| Dec 3, 2021 | 41.71 |
API Access
Adobe EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=ADBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "ADBE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=ADBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();